Another argument that property taxes are intrinsically unjust
September 25, 2013 § 6 Comments
A while back I made an argument that property taxes are intrinsically unjust. Based on my understanding of usury as taking profits from what does not exist, I argued that property taxes are levied against transactions which haven’t happened. (That’s why an assessment is needed: the assessment is an imaginary transaction wherein the property is valued without actually being sold).
In this post I will make an independent argument that property taxes are intrinsically unjust. This argument will not depend on any particular understanding of currencies, usury, etc.
Assume that income taxes are not always unjust, but that a 100% income tax – an income tax which confiscates literally all of a man’s income – is unjust.
Then observe that a property tax confiscates 100% of the property against which it is levied. A 2.5% annual property tax will confiscate the entire property over the course of 40 years.
The fact that it happens in slow motion does not make it less than a 100% levy.
So in order to believe that property taxes are just, we must accept the premise that a tax which confiscates 100% of a man’s property is just. It follows, since income is property, that a 100% income tax is just. This contradicts our original premise that a 100% income tax is unjust.